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• Organto announced that it has entered a strategic partnership with commercial farming and marketing organization, Alpasa Farms.
• The partnership aims to expand OGO’s geographic footprint into the U.S., enhance sourcing capabilities, collaborate on branding, and implement AI solutions for supply chain management.
• OGO continues to trade at a large discount to its peers despite improving fundamentals.
This morning, Organto Foods (OGO:TSXV) announced a strategic partnership with commercial farming and marketing company, Alpasa Farms. The partnership will take advantage of each firm’s respective strengths, leading to geographic expansion, greater supply capabilities, and stronger brand presence. We view the announcement as a strong positive development which should support growth and profitability over the highly-important coming quarters. We remind readers that OGO has guided to exceed a $50M run-rate at the end of 2023 and to reach positive EBITDA by H1/24. We are maintaining our BUY rating and $2.00/share target price on OGO.
Strategic Partnership
Organto Foods announced that it has entered into a strategic partnership with Mexico-based Alpasa Farms S. De R.L. de CV ("Alpasa"). The partnership aims to facilitate the expansion of each company’s operating platforms by leveraging their respective strengths in North America and Europe. Alpasa is a multi-generational family-owned and operated commercial farming and marketing organization, focusing on growing and distributing organic and non-GMO blueberries, blackberries, raspberries, figs, and avocados. OGO management highlighted that it has worked with the Alpasa team for years.
Key areas of collaboration for the partnership include:
• Sales Expansion – leveraging each company’s geographic footprint with an initial goal of expanding OGO into the U.S. market
• Sourcing Expansion – taking advantage of each company’s sourcing and supply capabilities to benefit existing growers and expand in key markets
• Branding – collaborating on branding efforts to develop a stronger presence in target markets
• Digital AI Implementation for Traceability & Supply Chains – incorporating digital AI solutions into traceability and supply chain management, leading to enhanced efficiency, transparency, and waste reduction
• Organic Certification – leverage each party’s focus on sustainable and transparent organic farming practices
OGO: Strategic Partnership to Support Upcoming Growth
What you need to know:• Organto announced that it has entered a strategic partnership with commercial farming and marketing organization, Alpasa Farms.
• The partnership aims to expand OGO’s geographic footprint into the U.S., enhance sourcing capabilities, collaborate on branding, and implement AI solutions for supply chain management.
• OGO continues to trade at a large discount to its peers despite improving fundamentals.
This morning, Organto Foods (OGO:TSXV) announced a strategic partnership with commercial farming and marketing company, Alpasa Farms. The partnership will take advantage of each firm’s respective strengths, leading to geographic expansion, greater supply capabilities, and stronger brand presence. We view the announcement as a strong positive development which should support growth and profitability over the highly-important coming quarters. We remind readers that OGO has guided to exceed a $50M run-rate at the end of 2023 and to reach positive EBITDA by H1/24. We are maintaining our BUY rating and $2.00/share target price on OGO.
Strategic Partnership
Organto Foods announced that it has entered into a strategic partnership with Mexico-based Alpasa Farms S. De R.L. de CV ("Alpasa"). The partnership aims to facilitate the expansion of each company’s operating platforms by leveraging their respective strengths in North America and Europe. Alpasa is a multi-generational family-owned and operated commercial farming and marketing organization, focusing on growing and distributing organic and non-GMO blueberries, blackberries, raspberries, figs, and avocados. OGO management highlighted that it has worked with the Alpasa team for years.
Key areas of collaboration for the partnership include:
• Sales Expansion – leveraging each company’s geographic footprint with an initial goal of expanding OGO into the U.S. market
• Sourcing Expansion – taking advantage of each company’s sourcing and supply capabilities to benefit existing growers and expand in key markets
• Branding – collaborating on branding efforts to develop a stronger presence in target markets
• Digital AI Implementation for Traceability & Supply Chains – incorporating digital AI solutions into traceability and supply chain management, leading to enhanced efficiency, transparency, and waste reduction
• Organic Certification – leverage each party’s focus on sustainable and transparent organic farming practices
Underlying
Organto Foods Inc
Provider
Atrium Research Corporation
Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists.
Nicholas Cortellucci, CFA
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